BPCL, ONGC shares gain on Mozambique asset hopes
May 07 2014 , Mumbai
Anadarko revised the total estimated recoverable resources from its Offshore Area 1 (Rovuma basin) to a range of 50 to 70-plus trillion cubic feet of natural gas from 45-70 plus tcf earlier.
BPCL holds 10 percent in the Mozambique asset, while ONGC holds 16 percent. ONGC Videsh has 4 percent.